blockchainreporter.net
Cryptocurrencies and blockchain innovations remain popular among investors, as several projects reported successful funding in the last few weeks. Monkey Tilt, a platform merging online gambling with cryptocurrencies, secured $30 million in its latest funding round. The initiative, backed by Pantera Capital and Polychain, aims to redefine gaming by incorporating decentralized financial technologies. Other key supporters include Hack VC and Mirana.
⚡️Top Recent Crypto Fundraising Events@MonkeyTiltPlay – $30M@noble_xyz – $15M@bitfinitynet $BTF – $12M@KGeN_IO – $10M@ValantisLabs – $7.5M@rise_pay – $6.3M@OpenLayerHQ – $5M@GunzillaGames $GUNZ – TBA
— 🇺🇦 CryptoDep #StandWithUkraine 🇺🇦 (@Crypto_Dep) November 23, 2024
Investors: @paradigm, @a16zcrypto, @PanteraCapital, @hack_vc,… pic.twitter.com/hx8imUOp89
Noble Secures $15M for Cosmos-Based Asset Issuance
Noble, a blockchain built on the Cosmos ecosystem, raised $15 million to expand its capabilities in native asset issuance. Paradigm and Polychain led the round, alongside contributions from Wintermute and Foresight Ventures. The project seeks to enhance asset creation and distribution across blockchain networks.
Bitfinity, an advanced Ethereum Virtual Machine (EVM) compatible platform, raised $12 million to develop Bitcoin Layer 2 scaling solutions. Polychain and ParaFi were key investors, with additional support from Draft Ventures and Warburg Serres. The project focuses on enhancing Bitcoin’s on-chain utility.
KGeNis, a Web3 platform leveraging zero-knowledge machine learning (zkML), raised $10 million to advance gamer reputation systems. Aptos and Polygon were lead investors, alongside Game7. This funding aims to reshape gaming experiences with data privacy and blockchain integrity.
Valantis Secures $7.5M for Modular DEX Platforms
Valantis raised $7.5 million to enhance its decentralized exchange infrastructure. With support from cyber•Fund, SevenX, and Kraken Ventures, the platform enables developers to build advanced liquidity systems for blockchain ecosystems. Figment also contributed to the funding.
Rise, a Web3 payroll and services platform, secured $6.3 million to improve financial services for global businesses. Draper Associates and Polychain Capital were notable investors, along with Jam Fund and DCG. The platform’s focus is modernizing payroll systems using blockchain technology.
OpenLayer obtained $5 million to develop an authentic data layer for secure and transparent digital interactions. A16z crypto, IOSG Ventures, and Spartan Group backed the funding. The platform addresses the need for modular and authenticated data flows in Web3 environments.
Gunzilla Games, a Web3 game development studio specializing in multiplayer experiences, revealed new funding from CB Ventures. Although the amount was not disclosed, the studio plans to leverage the investment to develop innovative blockchain-based gaming ecosystems.